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Seshasayee is
president of COAI
New Delhi: K.V. Seshasayee of Fascel has
been elected as chairman of the Cellular Operators Association
of India.
Under a new structure that
provides for a vice-chairman, the association elected
Vinay Rai to that post and appointed T.V. Ramachandran
as the first director-general.
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Firodias'
plan for corporate governance
Pune: High-profile joint managing director
of Kinetic Motor Company, and Kinetic Engineering Sulajja
Firodia Motwani, is likely to step down as part of an
exercise by the promoters of the Rs 1,500-crore Kinetic
group, the Firodias, to dissociate ownership from management
control and bring in corporate governance norms. The exercise
also involves Arun Firodia to function as group chairman
and oversee aspects like technological collaboration,
while handing over day-to-day management to professionals.
The Business Standard
in a report said, the family members of the group will
concentrate on enhancing shareholder value by providing
a vision to the group.
The Firodias are scouting
for professionals to take over as managing directors of
Kinetic Engineering and Kinetic Motor.
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IFCI
changes portfolios of EDs
New Delhi: The Industrial Finance Corporation
of India has effected changes in the portfolios of its
executive directors. B.M. Agarwal, who was in charge of
vigilance, has been given the portfolio of deposits and
A.C. Ahuja, in charge of deposits has been given vigilance.
The third executive director, Tapan Ganguly, will continue
to handle credit.
Management consultants Arthur
Andersen have studied the structure and has suggested
that the portfolios of the executive directors should
be rotated after a gap of two to three years.
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Keith
Weston regional executive of Bata
Calcutta: Keith Weston, managing director
of Bata India, has been appointed regional executive Asia,
of Bata International. The company is in search of a person
to succeed Mr Weston.
Mr Weston will operate from
Calcutta and continue to be on the board of Bata India.
Calcutta is expected to serve as the regional headquarters
for the Asia region. The managing directors of Bata units
in India, Pakistan and Sri Lanka will report to Mr Weston.
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